Boingo Wireless Inc. (NASDAQ:WIFI) shares dropped 0.9% during trading on Monday . The stock traded as low as $8.48 and last traded at $8.80, with a volume of 117,668 shares traded. The stock had previously closed at $8.88.

WIFI has been the topic of several recent analyst reports. BTIG Research initiated coverage on Boingo Wireless in a report on Monday. They issued a “sell” rating and a $6.85 target price on the stock. Lake Street Capital initiated coverage on Boingo Wireless in a report on Monday, June 20th. They issued a “buy” rating and a $12.00 target price on the stock. TheStreet raised Boingo Wireless from a “sell” rating to a “hold” rating in a report on Monday, March 14th. Zacks Investment Research downgraded Boingo Wireless from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $11.00 target price on shares of Boingo Wireless in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.19.

The stock’s market cap is $338.59 million. The stock has a 50-day moving average of $8.30 and a 200-day moving average of $7.21.

Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.27) EPS for the quarter, hitting analysts’ consensus estimates of ($0.27). The company earned $34.50 million during the quarter, compared to the consensus estimate of $33.55 million. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. On average, analysts expect that Boingo Wireless Inc. will post ($0.72) earnings per share for the current year.

In other news, CEO David Hagan sold 17,500 shares of Boingo Wireless stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $7.69, for a total value of $134,575.00. Following the completion of the sale, the chief executive officer now directly owns 509,146 shares in the company, valued at $3,915,332.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds recently made changes to their positions in WIFI. 1492 Capital Management LLC raised its stake in shares of Boingo Wireless by 18.1% in the fourth quarter. 1492 Capital Management LLC now owns 152,629 shares of the company’s stock worth $1,010,000 after buying an additional 23,437 shares in the last quarter. P.A.W. Capital Corp bought a new stake in shares of Boingo Wireless during the fourth quarter worth approximately $1,456,000. Royce & Associates LLC raised its stake in shares of Boingo Wireless by 17.4% in the fourth quarter. Royce & Associates LLC now owns 226,090 shares of the company’s stock worth $1,497,000 after buying an additional 33,500 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Boingo Wireless by 3.6% in the fourth quarter. Bank of Montreal Can now owns 388,370 shares of the company’s stock worth $2,571,000 after buying an additional 13,406 shares in the last quarter. Finally, Pembroke Management LTD acquired a new stake in shares of Boingo Wireless during the fourth quarter valued at about $2,777,000.

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services for carriers. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices segment.

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